@garyseconomics

Gary, your crusade against inequality is spot-on—the rich hoard wealth, wages stagnate, and housing slips out of reach. You’ve nailed how the system’s rigged, profiting off disparity as you did at Citibank. But your dismissal of Bitcoin as a “scam” or “musical chairs” misses its point. Let’s break it down through your lens. You see value in what’s tangible—property, bonds, cash flows. Bitcoin’s different: it’s digital scarcity, forged by energy-intensive mining, not free “points on the internet.” It costs real resources—miners burn electricity rivaling small nations to secure it. That’s not hype; that’s a backbone. You’ve said wealth concentration tanks demand, keeping rates low. Bitcoin flips that script. It’s not controlled by banks or governments printing money for the elite—it’s capped at 21 million coins, a hedge against inflation you’ve seen erode workers’ lives. You fear Satoshi’s a shadowy puppetmaster, selling off a million coins to dupe the masses. Check the blockchain—those wallets haven’t moved in 16 years. No secret dump, no conspiracy. Bitcoin’s transparent; anyone can verify it. You’d spot a scam in derivatives a mile away—apply that here. It’s not a rich man’s toy; it’s open to anyone with a phone, from East London to Lagos, leveling a field you know is uneven. You’re right about speculative bubbles, but Bitcoin’s survived crashes—$20K in 2017 to $3K, now thriving in 2025 with institutional buy-in. It’s not about quick riches; it’s a store of value, like digital gold, for a world you’ve seen fail the poor. You’ve bet against broken systems before. Bitcoin’s a bet for one—decentralized, fair, and tough as nails. Give it a trader’s eye, Gary. It’s not the enemy; it’s a tool.

@satmojoe

@Jcastweet

@PeterMcCormack

@HawkMcFlipster

@Oriflamme87

I’ve written a few things about why bitcoin is the solution to many problems. 

Here for What problem does Bitcoin solve part 1 and here for what problem does bitcoin solve part 2 and here for “Why Bitcoin?“

I wanted to share a few quotes from history to highlight that the control and debasement of money by governments has been an issue for a long time. The faster everyone understands this the faster we can all get on the bitcoin standard for value preservation. 

I explain here why we should support the bitcoin experiment. It solves the problem. If it ends up failing for some reason in the future, we need to recreate Bitcoin and address whatever issue made it fail because we need a currency that can’t be debased by governments. 

The Idea of Bitcoin Needs to Succeed, Even if Bitcoin Fails

“It is utterly clear to me that the highest priority need of world society at the present moment is a realistic economic accounting system which will rectify, for instance, such nonsense as the fact that a top toolmaker in India, the highest paid of all craftsman, gets only as much per month for his work in India as he could earn per day for the same work if he were employed in Detroit, Michigan.  – Page 112 Operating Manual For Spaceship Earth, Buckminster Fuller

F.A. Hayek in 1984: “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.”

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”

― Henry Ford

Ford, who founded Ford Motor Company in 1903, told the publication:

“Under the energy currency system the standard would be a certain amount of energy exerted for one hour that would be equal to one dollar. It’s simply a case of thinking and calculating in terms different from those laid down to us by the international banking group to which we have grown so accustomed that we think there is no other desirable standard.”

Bitcoin recently breached the $100k price per bitcoin on December 4th 2024. It has retreated slightly but has continued to hover between $90k -$108k/bitcoin. 

Historically bitcoin has had a performance of 3 positive years followed by 1 negative year. While you can’t expect history to repeat itself, it might!

Looking at the below chart you can see we are on track to repeat that performance so far. While not shown 2024 was also a great positive return year for bitcoin so we have 2 years of positive returns. 2025 would be the 3rd year. 

Due to that expectation I fully expect bitcoin to have a good performance in 2025. It is also possible that it has a negative year in 2026 if it continues to follow the historic trend. 

 Of course it is also possible it has a negative year in 2025! We could break the trend. 

We could also break the trend and see that we have a positive year in 2025 and 2026! The future is unknown and unknowable!

When people ask me if they should buy bitcoin now I say that they obviously don’t understand bitcoin. If you don’t understand it then I would say “No” you probably shouldn’t buy it. What I tell people is to continue to learn more about why other people buy it. 

Learn about “What problem bitcoin solves.” I have written 2 articles about that here. 

What Problem Does Bitcoin Solve?

We, every person in the world, is in a fight with their own government to keep as much of the value they create as they can.  The government explicitly taxes you, which we can debate but at least it is obvious.  But the government also stealthy steals value from your bank account or savings via inflation and money printing that you have no control over.

What is Money? (What Problem Does Bitcoin Solve -2)

Bitcoin is not an investment. Bitcoin is a store of value. The value you create. Bitcoin is an agreement between people who create value in the world that they will trade their value for other value. The value you create and store in Bitcoin cannot be debased or inflated away by any government by money printing.
I’ve also created a list of great resources to learn more about bitcoin here. 

Books & Videos to Learn About Bitcoin

What I generally recommend people to do is to buy just a little bitcoin so that they will start creating a little interest with themselves. This is how I did it. I bought just $100 and then that made me interested to learn more about what I had bought and why.
You should not plan to sell the bitcoin you buy. This is true for most investments, in my opinion. You should only be investing money you are ready to have invested for 5+ years. 

You shouldn’t try to time the market. You aren’t smart enough for that and neither am I. 

Just buy things that you understand and continue to do research.